simon, there was suggestion the deal collapsed because of german objections. what was it the germans were not happy about? >> it seems that germany, like france, was unwilling to give up state influence over this important defense company, which is what bae systems wanted them to do in order to secure more access to that all-important american defense market. i think germany was also worried it might be left out of important developments in military technology. the german authorities think that germany's interests are best served if this franco- german company retains control of the whole chain from research through to production. there's also a report that germans had suggested moving the headquarters of the merged company to munich, which would have annoyed the other two companies. >> was that all that was blocking the deal from going ahead? >> in the and, you have to see this was a hugely difficult deal that involves getting agreement from two companies, three governments, and that is incredibly difficult to do. the euro crisis has not helped, and in the en